The United States remained Pakistan’s largest export destination in FY26, accounting for 20 percent of the country’s total exports, while China retained its position as the biggest source of imports and Pakistan’s largest trade deficit partner.
According to Topline Securities, based on State Bank of Pakistan (SBP) data, China was Pakistan’s second-largest export market with a 9 percent share, followed by the United Kingdom and the United Arab Emirates, each contributing 7 percent of total exports.
Germany, Spain, and the Netherlands each accounted for 5 percent of exports, while Italy contributed 4 percent. Bangladesh and Saudi Arabia represented 2 percent each, with all other markets making up the remaining 33 percent.
The data also showed that Pakistan recorded its largest trade surplus with the United States, reaching $2.86 billion during FY26. The United Kingdom ranked second with a surplus of $1.42 billion, followed by Spain at $1.35 billion, the Netherlands at $942 million, and Germany at $765 million.
On the import side, China remained Pakistan’s largest trade deficit partner, with the trade gap widening to $16.85 billion during the fiscal year.
The United Arab Emirates followed with a trade deficit of $6.25 billion, while deficits with Saudi Arabia, Qatar, and Singapore stood at $3.36 billion, $3.27 billion, and $2.24 billion, respectively.
The figures highlight Pakistan’s continued dependence on imports of energy products, machinery, electronics, and industrial raw materials from regional partners, while export earnings remain heavily concentrated in the US and European markets, driven primarily by textiles, apparel, leather goods, and other manufactured products.
